Déjà Vu for Sears CEO:
Fix Kmart

As Eddie Lampert settles into the corner office of Sears Holdings Corp., the new chief executive is likely to again come face to face with Kmart, the retailer he bought out of bankruptcy.

The chain, which sells everything from apparel and home goods to consumer electronics, has stumbled in recent quarters because of increased competition, missteps in its grocery business and turf battles in the urban areas where it has traditionally...